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Nigerian Banks

Ogbo-Ogwu Market Hands Over N265m Worth of Fake, Expired Drugs to NAFDAC

Ogbo-Ogwu Market in Onitsha transfers N265m worth of fake and expired drugs to NAFDAC for disposal.

FCCPC Unseals Ikeja Electric Headquarters After Consumer Rights Undertaking

FCCPC lifts seal on Ikeja Electric headquarters after the company commits to addressing consumer complaints and regulatory violations.

FG Threatens to Blacklist Banks Over N200 Billion USSD Debt

KEY POINTS FG will blacklist 18 banks on the principal of N200 billion USSD...

Senate Increases Windfall Tax on Banks to 70%

Nigerian Senate raises windfall tax on banks' foreign exchange gains to 70%, targeting redistribution of government-driven profits.

Banks’ Weekly Borrowing from CBN Soars to ₦5.38 Trillion Amid Liquidity Crunch

Nigerian banks' weekly borrowing from the CBN has surged to ₦5.38 trillion, reflecting increased liquidity demand and economic challenges.

GTCO Plans $750mn Rights Issue to Meet Capital Requirements

Nigeria’s Guaranty Trust Bank (GTCO) is gearing up to raise $750 million through a...

Nigerian Banks in Ghana Work to Resolve FX Trading Ban

Nigerian banks operating in Ghana are working with the Bank of Ghana (BoG) to...

Nigerian Banks Attract Record Deposits Amid Naira Crisis

Nigeria's major banks have seen a surge in customer deposits in the first nine...

CBN Mandates BVN, NIN Linking, Anticipates Customer Rush

CBN’s new BVN/NIN policy expected to cause a surge in bank and NIMC office visits across Nigeria.

Latest articles

Ogbo-Ogwu Market Hands Over N265m Worth of Fake, Expired Drugs to NAFDAC

Ogbo-Ogwu Market in Onitsha transfers N265m worth of fake and expired drugs to NAFDAC for disposal.

FCCPC Unseals Ikeja Electric Headquarters After Consumer Rights Undertaking

FCCPC lifts seal on Ikeja Electric headquarters after the company commits to addressing consumer complaints and regulatory violations.

Femi Otedola Lifts Stake in First HoldCo With $10 Million Share Purchase

Femi Otedola boosts his stake in First HoldCo with a $10 million share purchase as earnings and assets grow.

Nigerian-Linked Investor Battles Zambia Regulator Over Stake

A Nigerian-linked firm says a settled share purchase vanished after Zambia’s central bank refused recognition and liquidated the lender.